Relevant Life Insurance Quote
What is a Relevant Life Plan?
A Relevant Life life insurance policy that is set up for the benefit of employees (including directors). It is designed to provide financial protection for those who would be left behind if the policyholder were to die.
Let Us Help You With Relevant Life Insurance Quote
- Find the right life plan for your business
We can help you find the right relevant life insurance quote for your business, whether it’s employer-sponsored or voluntary. Get a quote from us and see how much you could save on your life insurance. - Save time and money by working with Business Engineers
Don’t spend hours on the phone with different insurance companies. Our Business Engineers will do the hard work for you, so you can focus on what’s important – running your business. - Get expert advice from our team of specialists
Not sure which life insurance policy is right for you? Talk to one of our specialists today and get expert advice on choosing the right cover for your business. - Access resources and tools that will help you make the best choices for your company
Our online resources and tools will help you make the right decisions for your business. From choosing the right relevant life insurance quoteto understanding the benefits of life insurance, we’ve got you covered.
Why Choose a Relevant Life Policy?
A relevant life policy is perfect for small business owners. If your business employs less than 50 people, a relevant life policy can be an extremely tax-efficient way of providing death in service benefits to your employees.
There are many reasons to choose a relevant life insurance quote over a traditional group life insurance policy. Firstly, the premiums for a relevant life policy are paid by the business, not the employee. This means that the policy is not subject to income tax or national insurance deductions.
Furthermore, the death benefit from a relevant life policy is paid free of any form of taxation. This is in contrast to a traditional group life insurance policy, where the death benefit is subject to both income tax and inheritance tax.
FAQs
What is the most reputable life insurance company?
There are many reputable life insurance companies out there, and it really depends on your needs as to which one is the best for you. We can help you compare life insurance policies from different providers to find the one that best suits your needs.
How much does relevant life insurance cost?
The cost of relevant life insurance will depend on a number of factors, such as your age, health and the level of cover you require. We can help you get a quote from our panel of insurers, so you can compare the costs and find the best policy for you
How long does it take to set up a relevant life policy?
It usually takes around 4-6 weeks to set up a relevant life policy. This includes the time it takes to underwrite the policy and set up the trust. Once the policy is in place, it will be active immediately.
Can I cancel my relevant life policy?
Yes, you can cancel your relevant life policy at any time. However, you will not be able to get a refund on any premiums that have already been paid.
What happens if I die before my policy ends?
If you die before your policy ends, the death benefit will be paid out to your beneficiaries tax-free.
How do I make a claim on my relevant life policy?
In the event of your death, your beneficiaries will need to contact the insurer to make a claim. They will need to provide proof of death, such as a death certificate, and evidence of the policy, such as the policy number and date of inception. Once the claim has been approved, the death benefit will be paid out to your beneficiaries.